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Don't get too hyped about gold just yet.
I’m leaning towards 4,311 being the pivotal point for this rebound to hold. Right now, we’re hovering around 4,168, which isn’t too far from the resistance level.
If we can maintain above 4,311, then eyeing the range between 4,452 and 4,592 makes sense. On the flip side, if we drop back below 4,171, we’ll likely test 4,031.
We can't view gold in isolation from risk assets; cross-market sentiment shows SPY +1.22% | QQQ +3.28% | GLD +0.21% | GDX +6.16% | Gold -3.70%. In this environment, the scariest thing isn’t a lack of opportunities, but getting our expectations too high too soon.
So my approach is straightforward: let’s see if this rebound can materialize before deciding to cash in profits. If the position isn’t right, just keep waiting.
#GC=F #黄金 #美股 #Trading View
I’m leaning towards 4,311 being the pivotal point for this rebound to hold. Right now, we’re hovering around 4,168, which isn’t too far from the resistance level.
If we can maintain above 4,311, then eyeing the range between 4,452 and 4,592 makes sense. On the flip side, if we drop back below 4,171, we’ll likely test 4,031.
We can't view gold in isolation from risk assets; cross-market sentiment shows SPY +1.22% | QQQ +3.28% | GLD +0.21% | GDX +6.16% | Gold -3.70%. In this environment, the scariest thing isn’t a lack of opportunities, but getting our expectations too high too soon.
So my approach is straightforward: let’s see if this rebound can materialize before deciding to cash in profits. If the position isn’t right, just keep waiting.
#GC=F #黄金 #美股 #Trading View
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